Brother Included in “FTSE Blossom Japan Sector Relative Index”
April 20, 2022
Brother Industries, Ltd. announced that the company has been included in the ESG investment stock index FTSE Blossom Japan Sector Relative Index.
FTSE Blossom Japan Sector Relative Index is established by the global index provider FTSE Russell. It is an index that reflects the relative performance of Japanese companies that are excellent in their environmental, social, and governance (ESG) measures, and is designed to be sector neutral.
In addition, to encourage the transition to a low-carbon economy, specifically for companies with high greenhouse gas emissions, only those companies evaluated for their improvement initiatives based on the Management Quality score of the Transition Pathway Initiative (TPI) are included in the index. FTSE Blossom Japan Sector Relative Index was adopted by Government Pension Investment Fund (GPIF), which manages the largest scale of funds in the world, as an ESG index on March 30, 2022.
The Brother Group added it is implementing ESG-focused management to create a society in which sustainable development is possible. The company formulated the Brother Group Environmental Vision 2050 to contribute to solving social environmental issues, focusing on activities related to reduction of CO2 emissions, resource circulation, and biodiversity conservation. The medium-term CO2 emissions reduction target for FY2030 has been certified by the international Science Based Targets (SBT) initiative as a target for achieving the 1.5°C target. The Brother Group also announced support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and is analysing the business risks and opportunities brought by climate change, incorporating these results into management and disclosing relevant information.
In addition, to become a company trusted by all stakeholders, the Group said it is strengthening systems to assess and correct risks in its supply chains by striving to reduce the impacts on human rights, labour, safety and health, and the global environment. To operate sustainable businesses, the Group is also strengthening governance with enhancement of its corporate value over the long term by optimising management resources and creating customer value as the basic policy.
The company said: “The Brother Group remains committed to implementing ESG-focused management and will strive for the sustainable improvement of corporate value by developing its business and fulfilling its social responsibilities.”
Categories : Around the Industry
Tags : Brother Environment FTSE Blossom Japan Sector Relative Index Sustainability
